Home Lenders’ Fair-Lending Dilemma

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New mortgage and fair-lending priorities are creating hard choices for lenders.

They will need to design mortgage underwriting standards that balance the financial risks of lending to customers who fall outside the new safe harbor mortgage rules with those that may adversely affect protected classes of customers under fair-lending laws. It is an unfair choice that will cloud the development of mortgage markets, and ultimately, the availability of mortgage credit. To keep reading, download the full article.